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SoftBank CEO Masayoshi Son declared that AI will need $5 trillion per year by 2040 and dismissed bubble concerns as absurd at the company's annual conference in Tokyo. With over $60 billion invested in OpenAI, Son outlined a future where AI-related industries constitute 20% of global GDP and 100 trillion autonomous AI agents reshape society into an agent-centric world.
SoftBank founder Masayoshi Son outlined an ambitious vision for AI at SoftBank World, predicting the technology will account for 20% of global output by 2040. He argued that nuclear fusion will become essential to power the massive data centers needed for AI's growth, estimating 3 terawatts of capacity will be required. Son dismissed AI critics and urged business leaders to embrace the technology or risk missing out on transformative economic opportunities.
A report by the Artificial Intelligence Underwriting Company reveals that over 90% of insurers' exposure to AI risks sits in silent coverage embedded in conventional insurance policies. Rising AI lawsuits—from Google's $110 million defamation case to Air Canada's chatbot mishap—show how autonomous AI systems are creating liabilities that existing policies were never designed to cover.
OpenAI has quietly partnered with Kalshi to display World Cup prediction market odds in ChatGPT search results, marking the AI company's first deal with a betting exchange. The integration shows real-time odds for matches like France versus Spain, but users cannot place bets through ChatGPT. The move signals prediction markets' rapid push into mainstream tech platforms.
Reports claimed India's Ministry of Electronics and IT advised government ministries to pause deploying OpenAI and Anthropic cybersecurity AI models. However, the Press Information Bureau officially denied these claims, stating no such directive was issued. The confusion highlights India's ongoing challenges with AI governance and deployment frameworks.
OpenAI temporarily removed the 5-hour usage window for GPT-5.6 Sol, allowing ChatGPT Plus, Business, and Pro subscribers unrestricted access. The move comes as the company learns from Google's Gemini troubles with strict limits. Meanwhile, Anthropic extended Fable 5 access for another week, intensifying competition between AI giants.
More than 200 economists, including 16 Nobel laureates and chief economists from OpenAI and Anthropic, have signed a statement urging immediate action on AI's economic impact. The group warns that artificial intelligence could drive an unprecedented economic transformation larger than the Industrial Revolution but unfolding in just a few years rather than decades, raising urgent concerns about large-scale job displacement and the need for regulatory guardrails.
The White House is preparing a new event to expand its Ratepayer Protection Pledge, bringing together utility companies, data center operators, and state governors. The initiative aims to ensure surging electricity demand from AI doesn't drive up household power bills. Questions remain whether this voluntary pledge will deliver concrete commitments or remain symbolic as utilities plan $1.4 trillion in capital spending by 2030.
Anthropic has pushed back the deadline for free Claude Fable 5 access to July 19, marking the third extension since June. Paying subscribers can continue using the flagship AI model at no extra cost, though it consumes up to 50% of their weekly usage limits. The repeated delays come as OpenAI's GPT-5.6 Sol closes the performance gap while offering lower costs, potentially influencing Anthropic's competitive strategy.
Elon Musk and Sam Altman spent the weekend trading insults on X after Apple filed a lawsuit against OpenAI for alleged trade secret theft. Musk repeatedly called Altman a "scammer," while Altman fired back at SpaceX's orbital data center plans. The public feud on X comes as both companies released competing AI models and race toward public listings, with SpaceX raising a record $75 billion in its IPO.
OpenAI is hiring a product manager to build AI for families, caregivers, and older adults as ChatGPT's user demographics shift dramatically. The share of users aged 35 and older jumped to 31% in Q2 from 26% a year earlier, while nearly one in four US parents now use ChatGPT. The move signals a strategic pivot toward household-focused AI experiences but raises critical questions about trust and safety guardrails.
Johannes Heidecke, OpenAI's head of safety systems, is leaving the company following an internal restructuring that integrates safety and research teams under a single leader. The reorganization places safety teams under VP of Research and Safety Mia Glaese, marking the latest in a series of executive departures from the AI company's safety leadership.
Apple filed a blockbuster lawsuit against OpenAI, accusing the AI company of orchestrating a coordinated scheme to steal confidential information through former Apple employees. The case centers on allegations that OpenAI's hardware chief Tang Tan coached recruits to bring unreleased parts and evade security protocols, potentially using Apple's proprietary information to develop competing AI hardware devices.
OpenAI announced that GPT-5.6 will serve as the preferred model for Microsoft 365 Copilot, powering productivity tasks across Word, Excel, and PowerPoint. The announcement comes as Bloomberg reported Microsoft increasingly relies on its in-house MAI models to cut costs, raising questions about the evolving dynamics between the two tech giants.
OpenAI and Google have been supplying advanced AI models to Singapore-based subsidiaries of Alibaba, Baidu and Tencent—companies blacklisted by the Pentagon over alleged military ties. While legal, the sales expose a critical gap in US export controls designed to slow China's AI development, reigniting calls for stricter regulation.
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